Logo

US-India Trade Deal Expected Soon with Favorable Terms for India

US Commerce Secretary Howard Lutnick announced that a US-India trade deal could be concluded in the near future following productive negotiations. India is set to receive favorable terms as an early agreement participant. The multi-sectoral deal aims to more than double trade volume from USD 191 billion to USD 500 billion by 2030. Both countries are committed to granting preferential market access, with discussions ongoing for tariff exemptions and finalizing the pact by late 2025.

US-India Trade Deal Expected Soon with Favorable Terms for India

US-India Trade Deal Nearing Conclusion

US Commerce Secretary Howard Lutnick has indicated that a trade agreement between the United States and India could be finalized in the near future. Speaking at a strategic forum, Lutnick stated that both nations have "found a place that really works for both countries," hinting at progress in ongoing negotiations.

The final round of face-to-face talks is anticipated to occur in New Delhi soon, with both sides eager to reach an agreement that enhances bilateral economic ties.

Advantage of Early Agreement

Lutnick emphasized that India stands to gain favorable terms by being among the first countries to finalize such a pact. He explained, "Earlier countries get a better deal, that's the way it is." The US delegation scheduled meetings between July 4th and 9th to discuss trade agreements with other countries, but efforts are underway to bring India's deal forward.

India's Commitment to Expanding Trade Relations

Echoing the optimism, India's Commerce and Industry Minister Piyush Goyal affirmed the country's active role in concluding the bilateral trade deal. Addressing the media during a visit to France, Goyal highlighted the mutual commitment to granting preferential market access and expanding trade.

He stated, "Both countries are committed to work together, and both desire to give preferential access to each other's businesses. We are working towards the bilateral trade agreement."

Overview of the India-US Trade Agreement

The proposed trade pact was first announced by the leaders of the two countries in February 2025. It envisions a multi-sectoral agreement aimed at significantly boosting bilateral trade volume — from the current USD 191 billion to a targeted USD 500 billion by 2030.

An interim agreement is expected by September-October 2025, with a Washington delegation currently in New Delhi to push discussions forward. India is particularly advocating for total exemption from the 26% reciprocal tariff that had been imposed by the US on Indian exports.

Key Objectives of the Agreement

  • Enhance preferential market access for businesses in both countries
  • Expand trade across multiple sectors
  • Increase bilateral trade volume to USD 500 billion by 2030
  • Secure tariff exemptions to foster easier trade flows

Conclusion

Both the United States and India are actively engaged in finalizing a significant trade agreement expected soon. The deal promises to deepen economic cooperation and create a more favorable environment for trade, with early agreements potentially offering better benefits to India.

India-US Mega Trade Deal Nears Completion to Boost Bilateral Trade to $500B
India-US Mega Trade Deal Nears Completion to Boost Bilateral Trade to $500B

India and the United States are nearing completion of a comprehensive trade agreement currently termed 'Mission 500,' aiming to raise annual bilateral trade from $190 billion to $500 billion by 2030. This deal promises significant growth in sectors like pharmaceuticals, agriculture, manufacturing, and consumer products. Indian consumers are set to benefit from lower prices on American goods due to expected duty cuts. While promising enhanced investment flows and global supply chain integration, challenges remain around labor mobility and data regulation. The agreement marks a strategic step as India strengthens commercial ties with its largest trading partners.

US Commerce Secretary Optimistic About Imminent US-India Trade Deal
US Commerce Secretary Optimistic About Imminent US-India Trade Deal

US Commerce Secretary Howard Lutnick has expressed strong optimism about reaching a trade agreement with India in the near future. The deal aims to resolve tariff disputes and enhance bilateral trade. Key issues under discussion include reducing tariffs and addressing India's defense procurement practices. Both governments are actively engaged, indicating progress toward a mutually beneficial agreement.

EU Strongly Criticizes US Steel Tariff Hike Amid Trade Talks
EU Strongly Criticizes US Steel Tariff Hike Amid Trade Talks

The European Commission expressed strong regret over the United States' decision to raise steel tariffs from 25% to 50%, citing increased economic uncertainty and higher costs for transatlantic consumers and businesses. This tariff hike adversely affects several EU steel exporters and hampers ongoing trade negotiations by worsening diplomatic tensions.

European Business Confidence in China Hits Record Low Amid Growth and Geopolitical Concerns
European Business Confidence in China Hits Record Low Amid Growth and Geopolitical Concerns

The EU Chamber of Commerce's 2025 survey reveals European businesses' outlook on China has deteriorated to historic lows, driven by economic slowdown and tightened regulations. Despite supply chain advantages, 73% report increased operating difficulties, with many planning reduced investments amid ongoing market access challenges and geopolitical tensions.

Bank of Korea Cuts Interest Rates Fourth Time, Signals More Easing Ahead
Bank of Korea Cuts Interest Rates Fourth Time, Signals More Easing Ahead

South Korea's central bank reduced its policy rate by 25 basis points to 2.5%, marking the fourth cut in its current cycle. The move follows an unexpected economic contraction in Q1 and ongoing political instability. The Bank of Korea also lowered its 2025 GDP forecast to 0.8% and indicated plans for additional rate cuts to support growth amid external and domestic challenges.

South Korea Cuts Interest Rates Amid Sluggish Economy and Trade Tensions
South Korea Cuts Interest Rates Amid Sluggish Economy and Trade Tensions

South Korea's central bank reduced its key interest rate to 2.5% and slashed the 2025 growth forecast to 0.8% to counter economic headwinds. Ongoing US tariff policies and political unrest following former President Yoon’s ousting have weakened domestic demand and trade prospects. Despite market gains, challenges remain as the country navigates global trade disputes and internal political shifts.

U.S.-China Trade Talks Stall, Requiring Direct Leadership Engagement
U.S.-China Trade Talks Stall, Requiring Direct Leadership Engagement

U.S.-China trade negotiations have encountered obstacles, requiring direct communication between Presidents Trump and Xi to move forward. Despite a recent temporary truce, the U.S. continues tech export restrictions, and China maintains rare earth export controls. Both sides stress the need for leadership engagement to resolve these complex issues.

US Court Keeps Trump's Tariffs in Place Amid Appeal Process
US Court Keeps Trump's Tariffs in Place Amid Appeal Process

A federal appeals court has temporarily reinstated the extensive tariffs imposed under former President Trump after a lower court ruled the tariffs exceeded presidential authority. The administration plans to appeal the decision. The tariffs remain key in trade talks with partners like Japan and the UK, while markets and businesses deal with ongoing uncertainty and financial impacts.

India-US Trade Talks Advance as US Team Plans June Visit Amid Tariff Negotiations
India-US Trade Talks Advance as US Team Plans June Visit Amid Tariff Negotiations

India's trade talks with the US are progressing as Commerce Minister Piyush Goyal prepares to meet export promotion councils, while a US trade team plans to visit India in June. Both nations aim to finalize an interim trade agreement by July 9, focusing on tariff reduction and market access, despite ongoing concerns over tariffs, intellectual property, and regulatory barriers.

US-China Trade Tensions May Ease Following Trump-Xi Discussions
US-China Trade Tensions May Ease Following Trump-Xi Discussions

US Treasury Secretary Scott Bessent indicated that a forthcoming conversation between President Donald Trump and China's President Xi Jinping could resolve current trade disputes. The talks come after accusations that China has delayed releasing critical rare earth exports agreed upon in a Geneva tariff reduction deal. Despite these setbacks, officials remain hopeful that the dialogue will resolve tensions and hasten compliance.

US-India Trade Deal Expected Soon: Top US Commerce Official
US-India Trade Deal Expected Soon: Top US Commerce Official

US Commerce Secretary Howard Lutnick announced that a US-India trade deal is likely to be finalized soon, following productive negotiations that benefit both countries. The proposed agreement, aiming for completion in late 2025, seeks to boost bilateral trade from $191 billion to $500 billion by 2030. India is actively engaged in negotiations, striving for favorable tariff exemptions and improved market access.

Vietnam to Sign $2 Billion Agricultural Deals with the US
Vietnam to Sign $2 Billion Agricultural Deals with the US

Vietnam is preparing to sign significant agricultural agreements with the United States valued at over $2 billion. These include major purchases of soybean meal, corn, wheat, and other crops, particularly through five MOUs with Iowa worth $800 million across three years. This initiative aims to address trade imbalances and counteract potential tariff threats, reflecting a broader effort to strengthen bilateral economic relations. The Vietnamese delegation’s visit to the US also saw discussions with key industry players and new partnerships in sectors beyond agriculture.

Trump Signals Renewed US-China Trade Tensions Over Tariff Disputes
Trump Signals Renewed US-China Trade Tensions Over Tariff Disputes

US President Donald Trump has accused China of violating a recent tariff reduction agreement, signaling fresh trade tensions. Treasury Secretary Scott Bessent described negotiations as stalled. Despite a temporary tariff de-escalation agreement this month, high levies and legal challenges to US tariff policies persist. A direct Trump-Xi call may be forthcoming to resolve issues.

US Close to Trade Deal with India Amid Regional Tensions, Warns Trump
US Close to Trade Deal with India Amid Regional Tensions, Warns Trump

US President Donald Trump revealed that the United States is close to securing a trade deal with India, emphasizing that ongoing tensions between India and Pakistan could hinder progress. Highlighting trade as a tool to prevent conflict, Trump stressed that no agreements would proceed if either country remained at war. Recent diplomatic talks and concessions, including India potentially opening its government procurement market, suggest a promising development slated for early July.

EU Condemns New US Steel Tariffs, Warns of Retaliation if Talks Fail
EU Condemns New US Steel Tariffs, Warns of Retaliation if Talks Fail

The European Union has expressed strong regret over the US decision to increase steel tariffs to 50%, cautioning that such unilateral action threatens ongoing trade negotiations. The EU is prepared to retaliate with countermeasures if no agreement is reached by July 14, 2025. US steel prices have surged significantly, impacting global markets amid escalating trade tensions.

China's Exports to U.S. Plunge Over 34% in May Amid Trade Tensions
China's Exports to U.S. Plunge Over 34% in May Amid Trade Tensions

In May, China's exports to the U.S. fell sharply by over 34%, the deepest decline since 2020, driven by tariff measures and trade tensions. Meanwhile, shipments to Southeast Asia and Europe grew strongly, offsetting some losses. Economists anticipate a rebound in U.S.-bound exports with recent tariff reductions and ongoing trade talks.

Powerful 6.2 Magnitude Earthquake Strikes Greece, Tremors Felt in Turkey
Powerful 6.2 Magnitude Earthquake Strikes Greece, Tremors Felt in Turkey

A 6.2 magnitude earthquake struck Greece’s Dodecanese Islands close to the Turkish border, accompanied by a 5.8 magnitude tremor in Turkey’s coastal town of Marmaris. The tremors caused injuries to seven people in Turkey and were felt across surrounding Greek islands, including Rhodes. This seismic activity highlights the region’s vulnerability as Turkey continues to face frequent and severe earthquakes.

Colorado Firebomb Attack: Suspect Planned Year-Long Assault, Delayed for Daughter's Graduation
Colorado Firebomb Attack: Suspect Planned Year-Long Assault, Delayed for Daughter's Graduation

An Egyptian national, Mohamed Sabry Soliman, executed a Molotov cocktail attack on a pro-Israeli rally in Boulder, Colorado, injuring numerous people. The suspect planned the attack for over a year but postponed it for his daughter's high school graduation. Unable to purchase firearms due to his illegal immigration status, Soliman used gasoline bombs. Authorities recovered 16 Molotov cocktails and additional incendiary devices. Facing attempted murder and hate crime charges, Soliman was denied bail and could face life imprisonment. The attack highlights ongoing threats to Jewish communities amid Middle East tensions and raises immigration enforcement concerns.